Question

Identify and explain the following concept:

Sunita madam satisfied her want to write on the blackboard by using chalk.

Answer 1

Concept: Utility

Explanation:

Utility is the ability or inherent power of a commodity to satisfy a specific human desire. In this scenario, chalk is useful since it satisfies Sunita madam's immediate urge to write on the blackboard. This highlights that utility is very subjective and relative, as the same object is extremely valuable to a teacher in the classroom but has little to no want-satisfying power for someone outside of the educational field.